http://www.thestar.com.my/business/business-news/2010/07/03/famous-past-scandals/
let what happened in the past be a warning for the future

of course support special dividend, but rights issue no entitled to it.
so, don't support rights issue

EGM 9.45am

cytew 君子爱财 取之有道

alamak123 is one example of many shareholders in same position. That's where the majority shareholder wants to take advantage of.
you can send your proxy form appoint the chairman to vote on your behalf, indicate on the form your vote against the resolution. send the form to the registered office by Tuesday morning

cytew,this is where you are wrong. of course if the resolutions go through you have to pick up the rights. But don't you realize how huge is the rights issue, it is 8 for 5, ie increasing the issued shares by2.6 times to more than 3 bil.
the major shareholders certainly know that many minority shareholders won't pick up, either for lack of funds or lack of interest,. This is the opportunity for them to increase their stake at a dirt cheap price, and at the same time no need for MGO and get to control the treasure of cash and the properties they sold still belong to them. They are clever, but if you can't read their strategy, you are stupid.
There has to be other alternatives. That's why I say reject the proposals and let them come back with a better offer and on better terms. That's where minority shareholders should learn to protect themselves

cytew, you are not stupid of course. But I can assure you, if the resolutions get through, you can subscribe the rights at only 21 sen, a discount of over 12%. And after adjustment, the price will be around 26sen. It will remain there for the next 10 years, You will not be able to make any money from this counter, and you probably will not live to see the cash or RM600m, like what happened to xingquan, felda, tri...
But if the resolutions get rejected on 13 mar, the price will shoot up to at least 44sen, bearing in mind that the cash is equivalent to 40sen per share (without RI)

dear fellow shareholders, we have enough of the trickery and fraud by Mayland owners. they have cheated us again and again, from the issuance of L&G-LA whereby they used it to control 31% (from only 15%) and the sale of putrajaya property which has no tenant. And now, they want to sell us the lands which they either have no money to develop or not viable to develop.
If so good, they will keep for themselves, why inject into L&G?
They sell to L&G, raise a huge RI and they get to pocket RM200m cash, control the company and increase their stake, and still have RM600m at their disposal.
Wow, they are really smart!!!
Please turn out in full force, reject REJECT reject

i'm so pleased so many of the minority shareholders have seen through the scheme of the major shareholder mayland prop. Good. All please take action to repel their greedy and evil plot of swallowing the company and the cash and trying to rob the minority shareholders

dear friends and fellow minority shareholders of L&G,
don't be fooled by the interim dividend of 2 sen. the management gives you only 2 sen and rob you 10 times with the rights issue.
every year they give us 2 sen dividend, this is just repeating the annual dividend, declared a bit earlier, just to show how "generous" they are. Don't think we are idiots!!!
remember, with 500m cash, placed in FD @ 3.5% will give 17.5M interest, enough to declare 2 sen dividend. Not the management's efforts!!!@#@##@@
please reject the proposed resolutions at the egm

I hope everybody don't just talk. Make sure you attend the egm and vote against it. If you cannot attend, send in your proxy form to the chairman of the meeting and indicate your vote against all resolutions.
At the same time, those who can attend, please get more proxies, turn out in full force and show our strength and displeasure at the scheme of things.
I have collected many proxies and will continue to gather more.

let me analyse for all the shareholders of the company. Mayland will receive rm330m cash from the sale of the 5 companies. they only need to pay 130m for the rights subscription, they still keep rm200m cash in their pockets. From the rights issue, l&g receives rm400m, together with the current cash position, total 900m. After paying cash for the acquisition of the 5 companies, still left with rm600m cash, ie 100m more than pre-rights issue. If shareholders don't pick up, Mayland will subscribe the excess, thereby increase their control of 30% to perhaps 50%. That's why they want an exemption from MGO.

They get to control the company with a higher stake at a dirt cheap price, pocket a huge stash of cash from the sale of the 5 companies, and with RM600m at their disposal!!!!
we have seen several cash rich companies end up with their cash disappearing and the companies in deep shit!!!! remember xingquan, felda, TRI,

Dear friends and fellow investors, let us all attend in full force and show them our power, reject all the resolutions

remember, they only want to take control of the company and the huge treasure of cash

all minority shareholders must stand united and be present at the egm to vote against the resolutions. we have to fight for our rights and don't allow the major shareholders Mayland to take advantage

shareholders who intend to join the proposed action committee please indicate

jtyeo, you may have a point. but please bear in mind the rights and interests of the minority shareholders have to be protected.
certainly the stock price may remain stagnant for the next 10 years if the is no corporate exercise. but when one buys the shares and choose to invest in the company, he sees the value of the company and the future potentials. he makes an investment decision and is prepared to keep them for however long he feels worthwhile and has no reason to complain if the price does not appreciate.
however, it is a different story when it comes to major shareholders riding roughshod and taking advantage of minority shareholders. which is happening here.
that's why we have regulatory bodies and minority shareholders watchdog to protect minority shareholders.
we can accept a reasonably lower offer as compared to its actual value, bearing in mind the risks and capital commitment of the offeror, but paying peanuts in return for huge returns tantamounts to bullying and cheating the minority shareholders.
please stand up for your rights, folks

the directors spent more than rm47 mil cash belonging to the company to carry out a series of systematic buy-back of 10% of its paid-up capital for more than 1 year. now that they intend to take the company private, these shares and cash worth more than 47mil will be theirs, at the deprivation of the minority shareholders. we should all be entitled to a distribution of the treasury shares at the rate of 1 for 10, or at least a cash payment of 25 sen per share.

dear shareholders of hunza, can we set up a minority shareholders action committee to protect our interest?